Acting on behalf of my investor

[Jeremy Basiger]

I have found a REO property that I am looking at purchasing. I have an investor lined up and we both agree that making an offer is the next move. I have approached a real estate agent to submit our contingent offer on our behalf. I was then told that we needed proof of funds. My investor travels a lot and was able to (on short notice) text me a picture of an overview of his bank account showing that he had more than the necessary funds to purchase the property. My real estate agent says that this isn't enough, that it must be on a bank letterhead and that the offer has to be in the name of the account holder. Is this true? From the blogs and books Iv read it always sounds like the purchaser can be myself. As my investor is a close friend and we have already negotiated terms should there be some type of form between the two of us that would allow me to act on his behalf? Of course when I asked my realtor if she has worked with investors in the past she agreed that she has had man transactions dealing directly with an investor, not with the middleman, in this case me. Any advice would be greatly appreciated as I feel we are not being taken seriously in this endeavor.